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Feature Article

Vistra Corp: Still (Very) Cheap and Growing Again

By Roger S. Conrad on Nov. 8, 2021
Unregulated power producer and retailer Vistra Corp (NYSE: VST) is still slightly underwater from my initial recommendation in January 2020. But as a business, it’s proven its worth as a model of resiliency.

Chevron Corp: Built to Last and Still Paying Out Big

By Roger S. Conrad on Nov. 8, 2021
Overcoming all manner of headwinds by sticking together, playing smart and ignoring those who counted them out: That formula carried baseball’s Atlanta Braves to a World Championship in 2021. And it’s what’s behind Chevron Corp’s (NYSE: CVX) comeback this year as well.

Lessons from Q3 Results

By Roger S. Conrad on Nov. 8, 2021

Conrad’s Utility Investor has three model Portfolios. Our Conservative Holdings focus on best in class companies on target for consistent, reliable and robust earnings and dividend growth, with the idea that investors will harvest rather than reinvest dividends. Our Aggressive Holdings also generally assume a buy and hold approach, including harvesting dividends.

One Cut, Three Exits and Two More to Watch

By Roger S. Conrad on Nov. 8, 2021
Shenandoah Telecom (NSDQ: SHEN) has settled on a new annual dividend rate of 7 cents per share, paid December 1. As expected, that’s a substantial haircut from the previous 34 cents. But after this year’s sale of wireless operations to T-Mobile US (NSDQ: TMUS) and the August special cash payout of $18.75 per share, it’s about the best outcome shareholders could have expected.

Hunting Deep Value in a High Priced Market

By Roger S. Conrad on Nov. 8, 2021

When a stock or sector trades at a meaningfully discounted valuation to market averages, there’s always a reason why. Sometimes there’s an opportunity for investors to cash in from closing that discount, if the reason proves temporary. And sometimes, the valuation gap persists or even widens, if the challenge behind it becomes more acute.

CLP Holdings: Low Risk Bet on Asia’s Energy Explosion

By Roger S. Conrad on Oct. 11, 2021
Few places have seen more turbulence than Hong Kong the past few years. But equally, few utilities boast anything close to the continuing reliable and robust growth of CLP Holdings (HK: 2, OTC: CLPHY).

Exelon Corp: Dividing to Conquer

By Roger S. Conrad on Oct. 11, 2021
It took an 11th hour legislative showdown and threats by the company to shut a pair of nuclear plants. But Illinois has now passed the omnibus energy legislation Exelon Corp (NYSE: EXC) sought for years. And the company has never been better positioned to take advantage.

Making Rising Interest Rates Your Friend

By Roger S. Conrad on Oct. 11, 2021

Worries about rising interest rates and inflation pressures have emerged as material headwinds for dividend paying stocks. As a result, the Dow Jones Utility Average has once again failed to break above long-standing upside resistance at its February 2020 all-time high. That makes it 19 months and counting since the DJUA has reached a new peak. And it’s a stark contrast to the S&P 500, which hit one just last month.

Beware Talk of “Right-Sizing”

By Roger S. Conrad on Oct. 11, 2021

AT&T Inc (NYSE: T) still sells for less than 8.7 times expected 2021 earnings. And PPL Corp (NYSE: PPL) yields 2.5 percentage points more than the Dow Jones Utility Average. Why the deep discounts? Because neither company’s management has come clean on how much they intend to cut dividends after completing major transactions early next year, other than to say they intend to “right size.”

Energy Transition Meets the Cycle: Danger and Opportunity

By Roger S. Conrad on Oct. 10, 2021

According to the US Energy Information Administration’s baseline forecast, Americans will use 40 percent more electricity by 2050 than in 2010. And more than half of that will come from new wind and solar, driven by the combination of favorable government policies, continued declines in the cost curve and development of energy storage.

This summer, the Biden Administration upped the ante even more with a proposal to build 1,000 gigawatts of solar generating capacity in the US by 2035 at a projected cost of roughly $1 trillion. That follows its acceleration of permitting for US offshore wind projects as well, which the government hopes will result in 26 GW of capacity entering service by 2030.

MODEL PORTFOLIOS & RATINGS

ABOUT ROGER CONRAD

Roger S. Conrad needs no introduction to individual and professional investors, many of whom have profited from his decades of experience uncovering the best dividend-paying stocks for accumulating sustainable wealth. Roger b